I like the LBJ comparison, March of 68′ he withdrew He was a popular president at the time.
John JayJul 8, 2019 @ 1:22
I think POTUS Trump has lost his perspective on the Fed/Interest Rate situation.
“President Donald Trump criticized the Federal Reserve for raising interest rates, claiming that economic growth in the U.S. would have been higher than 3% and the stock market would be 7,000 to 10,000 points higher.”
Let’s see if President Trump gets tough with Powell, in the LBJ style with Fed Chairman Martin…………………………
“Johnson had pushed Kennedy’s economic policies to their logical extreme. In 1964, he had delivered a powerful fiscal stimulus by signing tax cuts into laws, and he had proceeded to bully the Federal Reserve to keep interest rates as low as possible. When the Fed made a show of resistance [in 1965], Johnson summoned William McChesney Martin, the Fed chairman, to his Texas ranch and physically shoved him around his living room, yelling in his face, “Boys are dying in Vietnam, and Bill Martin doesn’t care.” https://mises.org/wire/when-lbj-assaulted-fed-chairman
Hmmmmmmmmmmm……….
Oh hell, why not?
I myself am anticipating some major fallout from the demise of Deutsche Bank, who might layoff 20,000 bankers and exit lots of trading businesses.
I think it will get worse for them as the days fly by.
Not to mention Trade Wars, Iran uranium enrichment, UK hi-jacking an Iranian oil tanker, Putin staying put in Venezuela, with our “Interim choice for their President, Mr. Guaido, nowhere to be found, Jeff Epstein likely to name names to save himself, ……….
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I like the LBJ comparison, March of 68′ he withdrew He was a popular president at the time.
I think POTUS Trump has lost his perspective on the Fed/Interest Rate situation.
“President Donald Trump criticized the Federal Reserve for raising interest rates, claiming that economic growth in the U.S. would have been higher than 3% and the stock market would be 7,000 to 10,000 points higher.”
Let’s see if President Trump gets tough with Powell, in the LBJ style with Fed Chairman Martin…………………………
“Johnson had pushed Kennedy’s economic policies to their logical extreme. In 1964, he had delivered a powerful fiscal stimulus by signing tax cuts into laws, and he had proceeded to bully the Federal Reserve to keep interest rates as low as possible. When the Fed made a show of resistance [in 1965], Johnson summoned William McChesney Martin, the Fed chairman, to his Texas ranch and physically shoved him around his living room, yelling in his face, “Boys are dying in Vietnam, and Bill Martin doesn’t care.”
https://mises.org/wire/when-lbj-assaulted-fed-chairman
Hmmmmmmmmmmm……….
Oh hell, why not?
I myself am anticipating some major fallout from the demise of Deutsche Bank, who might layoff 20,000 bankers and exit lots of trading businesses.
I think it will get worse for them as the days fly by.
Not to mention Trade Wars, Iran uranium enrichment, UK hi-jacking an Iranian oil tanker, Putin staying put in Venezuela, with our “Interim choice for their President, Mr. Guaido, nowhere to be found, Jeff Epstein likely to name names to save himself, ……….
My, things are just bad all over these days!